Graphene and 2-D Materials Market Size, Share, Growth, and Industry Analysis, By Type (1 to 20 Nanometers, 1 to 50 Microns), By Application (Ink & Coatings, Composite Materials, Electronic Materials, Research Institute), Regional Forecast to 2028

Updated On: 29 April 2024

Report Overview

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The global graphene and 2-D materials market size was USD 13 million in 2022. As per our research, the market is expected to reach USD 65 million in 2028, exhibiting a CAGR of 30.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the Graphene and 2-D Materials Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Graphene is a remarkable two-dimensional material consisting of a single layer of carbon atoms arranged in a hexagonal lattice pattern. Its extraordinary properties, such as exceptional strength, high electrical and thermal conductivity, transparency, and flexibility, have captivated researchers since its discovery in 2004. Graphene serves as the foundation for a broader class of materials known as two-dimensional (2D) materials. These materials possess unique properties at the atomic scale, making them highly attractive for various applications. Transition metal dichalcogenides (TMDs), such as molybdenum disulfide and tungsten diselenide, exhibit semiconductor behavior and find use in optoelectronics and energy storage.

Hexagonal boron nitride (h-BN), an insulating material with excellent thermal conductivity, serves as a substrate for graphene-based devices. Phosphorene, a single layer of black phosphorus atoms, displays semiconducting properties and holds promise in transistors and sensors. Black phosphorus, resembling graphene in structure, is a tunable semiconductor suitable for electronics and optoelectronics. The field of 2D materials is rapidly advancing, with ongoing research exploring their properties, synthesis methods, and applications in diverse industries, including electronics, energy, medicine, and environmental technologies.

COVID-19 Impact: Market to witness plunge demand due to supply chain disruptions

The global supply chain for graphene and 2D materials has been significantly affected by the pandemic. Restrictions on international trade, transportation delays, and lockdown measures have disrupted the production, distribution, and availability of these materials. Many research institutions and laboratories had to limit or halt their operations temporarily during the pandemic. This has impacted the pace of research and development activities related to graphene and 2D materials, delaying potential breakthroughs and commercialization efforts.

Latest Trends

"Functionalization and integration to fuel market growth."

Researchers are actively working on functionalizing graphene and 2D materials to enhance their properties and enable better integration into various systems. Functionalization methods include chemical modifications, hybridization with other materials, and creating heterostructures to combine different 2D materials. Efforts are underway to develop scalable and cost-effective methods for the large-scale production of graphene and 2D materials. Techniques like chemical vapor deposition (CVD), liquid exfoliation, and roll-to-roll manufacturing are being explored to meet the growing demand and enable commercialization.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into, 1 to 20 nanometers, 1 to 50 microns.

• By Application Analysis

Based on application, the market can be divided into, ink & coatings, composite materials, electronic materials, research institute.

Driving Factors

"Standardization and quality control to stimulate market demand"

As the graphene and 2D materials market matures, there is an increasing focus on standardization, quality control, and characterization techniques. Establishing reliable and consistent material properties, measurement standards, and testing protocols are crucial for widespread adoption and industry integration. Composite materials combining graphene or other 2D materials with polymers, metals, ceramics, or other additives are gaining attention. These composites can enhance mechanical strength, electrical and thermal conductivity, barrier properties, and other desired characteristics for specific applications. These factors are driving the Graphene and 2-D Materials market growth rapidly.

"Emerging 2-D materials to propel market growth"

While graphene remains at the forefront, new 2D materials are emerging, expanding the possibilities further. Materials like transition metal dichalcogenides (TMDs), black phosphorus, MXenes, and others are being explored for their unique properties and potential applications.

Restraining Factors

"High production costs to restrict the market growth"

Currently, the production of high-quality graphene and other 2D materials can be expensive. The processes involved, such as CVD or liquid exfoliation, often require specialized equipment and precise control, which adds to the production costs. This can limit their widespread adoption, especially in cost-sensitive industries. While progress has been made in scaling up the production of graphene and 2D materials, achieving large-scale manufacturing remains a challenge. The ability to produce these materials in large quantities at a reasonable cost is crucial for their broader commercial use.

Regional Insights

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"Increasing demand in North America has boosted Graphene and 2-D Materials Market share"

North America, particularly the United States, has been at the forefront of graphene and 2D materials research and development. It hosts several prominent academic and research institutions actively involved in studying these materials. The region also has a strong emphasis on commercialization, with numerous startups and companies focused on developing applications across various industries such as electronics, energy, and healthcare. These factors are increasing the Graphene and 2-D Materials market share in the region.

Key Industry Players

"Adoption of Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• XG Science
• Angstron Materials
• Vorbeck Materials
• Applied Graphene Materials
• NanoXplore
• Huagao
• Cambridge Nanosystems
• Grafen
• Sixth Element
• Knano
• Morsh

Report Coverage

This report examines an understanding of the Graphene and 2-D Materials market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.